Esports platform Coliseum launches $2 million fund

Within the yr following their determination to drop blockchain, the founders of blockchain chess undertaking Immortal Recreation have been engaged on Coliseum.

It’s an esport event platform, which handles each web2 and web3 video games, utilizing blockchain options.

And now it’s trying to get extra initiatives concerned with the launch of a $2 million funding fund.

This may make investments as much as $250,000 in initiatives starting from video games to guilds, with essentially the most promising being onboarded to the Coliseum platform.

“Our $2 million fund is extra than simply capital, it’s a gateway to progress,” stated CEO Thomas Zaepffel.

“By combining monetary help with entry to our group and experience, we’re empowering the subsequent technology of web3 gaming leaders to construct, scale, and succeed.”

Immortal Recreation raised round $16 million in 2022, on the promise of creating a blockchain-enabled chess platform, however introduced it was dropping blockchain options for the sport in late 2023. Nevertheless, it pivoted, taking its tech and constructing out a complete blockchain-based platform, which helps video games similar to Valorant, Counter-Strike, League of Legends and Immortal Video games.

You possibly can apply for Coliseum funding right here.

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